Finance News: Latest Financial News, Finance News today in Bangladesh

Fully foreign-owned logistics firms likely

The government may soon withdraw restriction on fully foreign-owned logistics companies to start business in Bangladesh amid growing push from overseas players. Currently, the majority foreign shareholding in the logistics business of the country is not allowed.The ministry of commerce (MoC) in collaboration with the EU Business Council is set...

OIC foreign ministers’ meet begins in city today

The 45th Session of the OIC Council of Foreign Ministers (OIC-CFM) begins in the city today (Saturday) with a special focus on Rohingya issue and other challenges facing the Muslim Ummah, reports UNB.Prime Minister Sheikh Hasina is scheduled to open the two-day event at Bangabandhu International Conference Centre (BICC) in...

Gun attack kills five on way to slain chairman’s funeral

RANGAMATI, May 4 (UNB): Five people were killed and eight others injured in a gun attack on a motorcade of the followers of slain Naniarchar upazila council chairman Shaktiman Chakma at Betchhari in the upazila on Friday.They came under the attack while going to attend the funeral of the slain...

Delay in approval affects third Indian LoC project execution

Project implementation under the latest $4.5 billion Indian line of credit (LoC) is getting affected at the beginning stage, as New Delhi is not approving three development projects under the third LoC despite Dhaka's repeated pleas, officials said on Friday."We sent four project proposals to New Delhi more than two...

Yaba market keeps swelling despite increased vigilance

The market of contraband drug Yaba could not be controlled even after taking measures by various quarters. Worries now have mounted over the rising addiction among youths, official data shows.There are no specific statistics on the market size of this particular drug. None has ever conducted a nationwide survey to...

No Nobel Prize in literature this year

COPENHAGEN, May 4 (Agencies): The Nobel Prize in literature will not be awarded this year following sex-abuse allegations and other issues that have affected the public image of the Swedish Academy that selects the winner.The academy said Friday the 2018 prize will be given in 2019. The decision was made...

BB suggests floating bonds, instead of bank loans

The Bangladesh Bank (BB) has identified three reasons for finding alternative sources of long-term financing instead of the banking system."Arranging long-term fund through floating corporate bonds, instead of bank loans, will help stabilise stock markets alongside reducing the liquidity management risk of banks," the central bank said.The central bank said...

Police arrest two brothers with 1.3m Yaba pills in Ctg

The detective branch of police has arrested two brothers with 1.3 million Yaba pills, valued at about Tk 70 million (7 crore) in the underground market, in a drive in Chattogram, reports bdnews24.com. Being tipped off, police raided a house in the residential area of Shyamoli in Halishahar and seized...

News Watch (5-5-2018)

Youth dies as pick-up van hits him in city A youth was killed when a pick-up van hit him in the city's Arambagh area early Friday. Bacchu Mia, sub-inspector of Dhaka Medical College Hospital Police camp, said Shaon, 18, a mineral water supplier, was killed when a chicken-laden pick-up van...